NYSE:ETEnergy Transfer LP Unit Stock Price, Forecast & News

$8.16

-0.11 (-1.33 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$8.01

Now: $8.16▼

$8.30

50-Day Range

$5.65

MA: $7.19▼

$8.42

52-Week Range

$3.75

Now: $8.16▼

$15.26

Volume19.59 million shs

Average Volume29.40 million shs

Market Capitalization$21.95 billion

P/E Ratio11.49

Dividend Yield14.95%

Beta2.72

Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,500 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. The company also owns and operates natural gas gathering and natural gas liquid (NGL) pipelines, processing plants, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transports and supplies water to natural gas producers in Pennsylvania. In addition, it owns approximately 4,515 miles of NGL pipelines; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminals with an aggregate storage capacity of approximately 13 MMBbls. Further, the company sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. Additionally, it provides natural gas compression services; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 2002 and is headquartered in Dallas, Texas.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Energy Transfer LP Unit has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 9 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.27, Energy Transfer LP Unit has a potential upside of 62.6% from its current price of $8.16.
Amount of Analyst Coverage
Energy Transfer LP Unit has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Energy Transfer LP Unit has received 282 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Energy Transfer LP Unit has received 244 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Energy Transfer LP Unit has received 53.61% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Energy Transfer LP Unit and other stocks. Vote “Outperform” if you believe ET will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ET will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Energy Transfer LP Unit is a leading dividend payer. It pays a dividend yield of 14.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Energy Transfer LP Unit does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Energy Transfer LP Unit is 84.14 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Energy Transfer LP Unit will have a dividend payout ratio of 105.17 % in the coming year. This indicates that Energy Transfer LP Unit may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Energy Transfer LP Unit insiders have bought 1,935.53% more of their company's stock than they have sold. Specifically, they have bought $16,232,127.00 in company stock and sold $797,440.00 in company stock.
Percentage Held by Insiders
Only 3.28% of the stock of Energy Transfer LP Unit is held by insiders.
Percentage Held by Institutions
47.06% of the stock of Energy Transfer LP Unit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Energy Transfer LP Unit are expected to grow by 1.75% in the coming year, from $1.14 to $1.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Energy Transfer LP Unit is 11.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Energy Transfer LP Unit is 11.49, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.33.
Price to Book Value per Share Ratio
Energy Transfer LP Unit has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.92 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Natural gas transmission

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:ET

Previous SymbolNYSE:ETP

CUSIPN/A

CIK1276187

Webwww.energytransfer.com

Phone214-981-0700

Debt

Debt-to-Equity Ratio1.57

Current Ratio0.83

Quick Ratio0.66

Price-To-Earnings

Trailing P/E Ratio11.49

Forward P/E Ratio7.16

P/E GrowthN/A

Sales & Book Value

Annual Sales$54.21 billion

Price / Sales0.40

Cash Flow$2.68 per share

Price / Cash Flow3.04

Book Value$12.09 per share

Price / Book0.67

Profitability

EPS (Most Recent Fiscal Year)$1.45

Net Income$3.59 billion

Net Margins3.54%

Return on Equity10.30%

Return on Assets3.56%

Miscellaneous

Employees12,812

Outstanding Shares2,689,900,000

Market Cap$21.95 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Energy Transfer LP Unit (NYSE:ET) Frequently Asked Questions

How has Energy Transfer LP Unit's stock been impacted by COVID-19 (Coronavirus)?

Energy Transfer LP Unit's stock was trading at $7.05 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ET shares have increased by 15.7% and is now trading at $8.16. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Energy Transfer LP Unit?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer LP Unit in the last year. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Energy Transfer LP Unit.

When is Energy Transfer LP Unit's next earnings date?

Energy Transfer LP Unit is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Energy Transfer LP Unit.

How were Energy Transfer LP Unit's earnings last quarter?

Energy Transfer LP Unit (NYSE:ET) announced its quarterly earnings results on Monday, May, 11th. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.32 by $0.64. The pipeline company had revenue of $11.60 billion for the quarter, compared to the consensus estimate of $14.40 billion. Energy Transfer LP Unit had a return on equity of 10.30% and a net margin of 3.54%. The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. View Energy Transfer LP Unit's earnings history.

How often does Energy Transfer LP Unit pay dividends? What is the dividend yield for Energy Transfer LP Unit?

Energy Transfer LP Unit declared a quarterly dividend on Tuesday, March 31st. Investors of record on Thursday, May 7th will be paid a dividend of $0.305 per share on Tuesday, May 19th. This represents a $1.22 annualized dividend and a dividend yield of 14.95%. The ex-dividend date of this dividend is Wednesday, May 6th. View Energy Transfer LP Unit's dividend history.

When did Energy Transfer LP Unit's stock split? How did Energy Transfer LP Unit's stock split work?

Energy Transfer LP Unit's stock split on the morning of Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were distributed to shareholders after the closing bell on Thursday, June 12th 2014. An investor that had 100 shares of Energy Transfer LP Unit stock prior to the split would have 200 shares after the split.

What price target have analysts set for ET?

15 Wall Street analysts have issued 1-year price objectives for Energy Transfer LP Unit's shares. Their forecasts range from $6.00 to $24.00. On average, they expect Energy Transfer LP Unit's share price to reach $13.27 in the next year. This suggests a possible upside of 62.6% from the stock's current price. View analysts' price targets for Energy Transfer LP Unit.

Has Energy Transfer LP Unit been receiving favorable news coverage?

News articles about ET stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Energy Transfer LP Unit earned a daily sentiment score of 2.8 on InfoTrie's scale. They also assigned media headlines about the pipeline company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutEnergy Transfer LP Unit.

Are investors shorting Energy Transfer LP Unit?

Energy Transfer LP Unit saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 49,380,000 shares, a drop of 25.3% from the April 30th total of 66,110,000 shares. Based on an average daily volume of 40,160,000 shares, the short-interest ratio is currently 1.2 days. Approximately 2.4% of the shares of the company are short sold. View Energy Transfer LP Unit's Current Options Chain.

Who are some of Energy Transfer LP Unit's key competitors?

Some companies that are related to Energy Transfer LP Unit include Tc Pipelines (TRP), National Grid (NGG), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Companies (WMB), Targa Resources (TRGP), Western Midstream Partners (WES), EQM Midstream Partners (EQM), TC Pipelines (TCP), DCP Midstream (DCP), Antero Midstream (AM), Enable Midstream Partners (ENBL), Rattler Midstream (RTLR), USA Compression Partners (USAC) and EnLink Midstream (ENLC). View all competitors.

What other stocks do shareholders of Energy Transfer LP Unit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer LP Unit investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer Equity LP Unit (ETE), Targa Resources (TRGP), Kinder Morgan (KMI), AbbVie (ABBV), Ford Motor (F), Exxon Mobil (XOM), Verizon Communications (VZ) and Pfizer (PFE).

Who are Energy Transfer LP Unit's key executives?

Energy Transfer LP Unit's management team includes the following people:

Mr. Kelcy L. Warren, Chairman & CEO of LE GP, LLC (Age 64, Pay $6.16k)
Mr. Marshall S. McCrea III, Pres, Chief Commercial Officer & Director of LE GP, LLC (Age 61, Pay $2.87M)
Mr. Thomas E. Long, Group CFO & Director of LE GP, LLC (Age 63, Pay $1.49M)
Mr. Matthew S. Ramsey, COO & Director of LE GP, LLC (Age 65, Pay $1.59M)
Mr. Thomas P. Mason, Exec. VP, Gen. Counsel & Pres LNG of LE GP, LLC (Age 63, Pay $1.45M)

What is Energy Transfer LP Unit's stock symbol?

Energy Transfer LP Unit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Who are Energy Transfer LP Unit's major shareholders?

Energy Transfer LP Unit's stock is owned by a number of institutional and retail investors. Top institutional investors include Harvest Fund Advisors LLC (3.81%), Blackstone Group Inc (3.06%), Tortoise Capital Advisors L.L.C. (2.41%), Invesco Ltd. (2.25%), Morgan Stanley (2.10%) and Alps Advisors Inc. (2.09%). Company insiders that own Energy Transfer LP Unit stock include James Richard Perry, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Richard D Brannon, Thomas E Long and Thomas P Mason. View institutional ownership trends for Energy Transfer LP Unit.

Which major investors are selling Energy Transfer LP Unit stock?

ET stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Wells Fargo & Company MN, Kayne Anderson Capital Advisors LP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Clearbridge Investments LLC, Alps Advisors Inc., Harvest Fund Advisors LLC, and Northwestern Mutual Investment Management Company LLC. View insider buying and selling activity for Energy Transfer LP Unit.

Which major investors are buying Energy Transfer LP Unit stock?

ET stock was bought by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Abrams Capital Management L.P., Baupost Group LLC MA, Vident Investment Advisory LLC, Parametric Portfolio Associates LLC, Tiedemann Advisors LLC, Barings LLC, and Cumberland Partners Ltd. Company insiders that have bought Energy Transfer LP Unit stock in the last two years include James Richard Perry, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Richard D Brannon, and Thomas E Long. View insider buying and selling activity for Energy Transfer LP Unit.

How do I buy shares of Energy Transfer LP Unit?

Shares of ET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Energy Transfer LP Unit's stock price today?

One share of ET stock can currently be purchased for approximately $8.16.

How big of a company is Energy Transfer LP Unit?

Energy Transfer LP Unit has a market capitalization of $21.95 billion and generates $54.21 billion in revenue each year. The pipeline company earns $3.59 billion in net income (profit) each year or $1.45 on an earnings per share basis. Energy Transfer LP Unit employs 12,812 workers across the globe.

What is Energy Transfer LP Unit's official website?

The official website for Energy Transfer LP Unit is www.energytransfer.com.

How can I contact Energy Transfer LP Unit?

Energy Transfer LP Unit's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The pipeline company can be reached via phone at 214-981-0700 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff